Newsletter

VSECU Supports CVCAC’s “Pathways to Prosperity” Project

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VSECU is proud to have sponsored the Central Vermont Community Action Council’s new Barre campus project with a three year grant totaling $22,500. Read more about this project in CVCAC’s press release below.

Ceremonial Groundbreaking takes place for Central Vermont Community Action Council’s New Campus.

October 17, 2012 – Board President Michael Sherman and Executive Director Hal Cohen, joined by Lt Governor Phil Scott and VT Natural Resources Secretary Deb Markowitz, celebrated the ceremonial groundbreaking of Central Vermont Community Action Council’s (CVCAC) new campus on Wednesday, October 17, 2012. When complete, the campus will include a 25,500 square-foot two story building.

According to Cohen “It’s a great project on so many levels.” The redevelopment of the two-acre property will allow Community Action to centralize many of its staff and programs under one roof so it can offer integrated, wrap-around services, resources and training to better help people create lasting economic security for themselves and their families. Highlights of the facility will include a new food shelf and job-training kitchen plus classrooms and a resource center for skill building, job hunting, and financial and business planning. The project will also bring an economic boost to the city of Barre by securing more than 100 jobs in the city’s downtown and by revitalizing a commercial neighborhood.

Serving over 18,000 Vermonters each year, Community Action’s mission focuses on three areas: 1) alleviating the suffering caused by poverty by ensuring that basic needs are met for food, heating fuel, and safe housing 2) moving people out of poverty by helping them build skills and access resources and opportunities to create self-sufficient lives with services such as weatherization, workforce development, Head Start, micro business development, credit and finance education, and transportation 3) advocating for economic opportunity for all Vermonters.

Scott and Markowitz are serving as honorary co-chairs of the “Pathways to Prosperity” campaign to raise $1.5 million from private donors to help finance the project. So far the campaign has quietly raised over $600,000 from major donors and expects to kick off a community wide campaign in spring 2013.

The overall cost of the project is estimated at $5.2 million. An $800,000 grant from the Vermont Community Development Program was used last year to help purchase the property when the former owners, P&S Furniture, relocated to Main Street.

A construction contract was recently awarded to E.F. Wall and Associates of Barre, and work has already begun. Three derelict warehouse buildings have already been removed from the site which is just off Granite Street. The remaining 11,300 square foot building is above the floodplain and will be remodeled with a 12,350 foot addition added to create an “L” shaped building which will face Main Street. The project is scheduled to be completed July 2013.

Photo: CVCAC Executive Director Hal Cohen and VSECU Community Contribution Committee Chair, Jana Bagwell